US NatGas Demand Could Hit Record High
U.S. spot natural gas and power prices soared to multi-year highs in several parts of the country with extreme cold expected to boost gas demand to a daily record high on Tuesday.Extreme weather has created havoc for power and gas markets in recent years as demand has come close to outpacing supply.In February 2021, a freeze in Texas killed more than 200 people and left millions without power…
IEA: Global gas markets will remain tight due to rising demand
LONDON (Jan. 21) - The global natural gas market will remain tight in 2019 as the demand for gas increases and production grows slower than it did before the energy crises of 2022 and 2020-2021. This was revealed by a report released on Tuesday by the International Energy Agency. Political factors have exacerbated the volatility of gas prices, including the uncertainty surrounding the energy policy of U.S.
Russia's proposed gas pipeline to Iran
The Russian President Vladimir Putin announced on Friday plans to build a pipeline to Iran that will eventually transport up to 55 billion cubic meters (bcms) of gas per year into the West Asian nation. Here are some background details about the cooperation between Iran, Russia and the gas sector. Iran is the second largest gas producer in the world after Russia. However, U.S.
After holiday weekend, US demand for natgas is expected to reach record levels
The U.S. demand for natural gas is expected to hit a record next week, as the extreme cold that has gripped the U.S. this winter will put pressure on power grids again the day following the Martin Luther King Jr. Day weekend. This week, gas futures reached two-year highs ahead of the freezing weather. Meanwhile, spot prices in several major hubs around…
Gas prices in Europe are lower due to milder temperatures
The prices of Dutch and British gas wholesale fell on Friday as the forecast for milder weather curbed demand. According to LSEG, the benchmark front-month contract for the Dutch TTF hub had fallen 0.30 euros at 46 euros per Megawatt Hour (MWh), which is $13.88 /mmbtu by 0925 GMT. The Dutch March contract is down by 0.37 euros, at 46.10 Euros/MWh. The front-month contract in Britain fell by 0.71 penny to 116.1 pence per therm.
The separatist enclave of Moldova hopes that Russia will soon resume gas supplies
Vadim Krsnoselsky, the leader of Transdniestria, a breakaway region in Moldova, said that it expects to be able to get Russian gas soon, to meet its own needs. This comes after two weeks of crippling power outages. Prime Minister of Moldova's pro European central government, said that Russia is determined to bring a Moscow friendly government into power in the country.
The separatist enclave of Moldova hopes that Russia will soon resume gas supplies
Vadim Krsnoselsky, the leader of Transdniestria, a breakaway region in Moldova, said that it expects to be able to get Russian gas soon, to meet its own needs. This comes after two weeks of crippling power outages. Since January 1, when Russia's Gazprom stopped gas exports into the region, Chisinau has refused to recognize the debt Moldova owes Gazprom of $709,000,000 as valid.
Sources say that EU plans to allow gas price cap to expire
EU diplomats have said that the European Union will let its gas cap expire at the scheduled time of the month. This is a sign that the worst of Europe’s energy crisis, which began in 2022, has passed. After months of high energy costs caused by Russia's slashing of gas supplies after its invasion of Ukraine, Brussels introduced the first price limit in December of 2022.
Separatists pro-Russians in Moldova extend state of emergencies amid gas cuts
Transdniestria, a separatist region in Moldova backed by Moscow and afflicted with an energy shortage after losing its access to Russian gas that has sustained its economy for decades, extended the state of emergency for another month on Friday. Gazprom, a Russian company, suspended its gas exports to Transdniestria at the beginning of January. The reason given was unpaid Moldovan bills totaling $709 million.
Bulgaria claims Azerbaijan has stopped gas supply until January 11
Bulgargaz EAD, the Bulgarian gas state company, has received notification that Azerbaijan suspended gas supplies to Bulgaria for unspecified reasons from January 7 to 11. Bulgargaz reported that Bulgargaz has sourced replacement gas volumes from Botas in Turkey. The company said that it did not incur additional costs to replace the natural gas, nor did the outage affect the market for natural gas in the area.
Bulgaria claims Azerbaijan has stopped gas supply until January 11
Bulgargaz EAD, the Bulgarian gas state company, has received notification that Azerbaijan suspended gas supplies to Bulgaria for unspecified reasons from January 7 until January 11. Bulgargaz reported that Bulgargaz has sourced replacement gas volumes from Botas in Turkey. The company said that it did not incur additional costs to replace the natural gas, nor did the outage affect the market for natural gas in the area.
Australia's Competition Regulator flags gas import requirements for the East Coast
The Australian Competition Regulator said that the east coast of Australia is likely to experience a gas shortage by 2027, which could lead to imports. It cited its gas inquiry report. The Australian Competition & Consumer Commission stated that the report found the development of new production and supporting infrastructure for gas has not kept up with the increasing demand.
The Moldovan President visits the area affected by blackouts and blames Russia's Gazprom
On Thursday, the Moldovan president Maia Sandu visited areas that were experiencing rolling power outages and blamed Russian Gas giant Gazprom. The energy crisis in the pro-Russian enclave of Transdniestria is a result of this. Dmitry Peskov, Kremlin spokesperson in Moscow, said that Moldova and Ukraine are responsible for the power and heating shortages.
Zelenskiy and Sandu, the Moldovan energy minister, discuss Ukrainian coal as a way to ease Transdniestria's energy crisis
On Wednesday, Ukrainian President Volodymyr Zelenskiy and Moldovan president Maia Sandu discussed the use of Ukrainian coal to ease energy shortages that have plagued Moldova's Transdniestria separatist region. Transdniestria has relied for many years on Russian gas supplies. The flow of gas through Ukraine to the region was halted by Ukraine on January 1, after it refused to renew a contract allowing transit through its territory.
In the pro-Russian region of Moldova, thousands are left without gas or heat
Authorities said that more than 51,000 households in the pro-Russian separatist region of Moldova were without gas, and 1,500 apartment blocks had no heat for winter. This was after Ukraine refused to renew a transit agreement last week with Russia. Transdniestria (a separatist region dominated by Russian speakers along the Ukrainian border) had been receiving Russian gas through Ukraine for decades.
Officials say that the breakaway region of Moldova will face new power outages on Saturday.
Local authorities have confirmed that power cuts will continue in Transdniestria on Saturday. The region, which is a breakaway Moldovan region, has been left without Russian supplies after Ukraine decided not to renew a contract for Russian transit gas. After the expiration of the transit agreement, Kyiv refused to do business with Moscow. Transdniestrian…
The industry in the breakaway Moldovan region shuts down due to lack of Russian gas
An official confirmed on Thursday that the cutoff of Russian gas supply to Moldova's Transdniestria region, which is a breakaway region of Moldova, has forced all industrial companies - except for food producers - to close. The Russian gas cutoff to Central and Eastern Europe through Ukraine on Wednesday has caused a severe and immediate impact on the mainly Russian-speaking region of 450…
After gas was cut off, the power plant of the breakaway region in Moldova switches to coal
Transdniestria's main power plant has switched to coal since Russian gas supplies were halted Jan. 1. It should be able to provide electricity to residents of the breakaway region in January and Febraury, according to the leader of the region. The cutting off of Russian gas through Ukraine on Wednesday has caused heating and hot-water supply cuts in the mostly Russian-speaking territory, which split from Moldova early in the 1990s.
Prices of EUROPE GAS are rising as the Ukraine Gas Transit Agreement expires
The Dutch and British wholesale prices of gas rose slightly on Tuesday morning, as the weather forecast for this week is colder and Russian gas supplies to Europe through Ukraine are expected to cease. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub increased by 0.38 euros to 48.23 Euro per megawatt hour at 0913 GMT. The TTF contract for February was up by 0.33 euros to 48.55 Euro/MWh.
Austria Energy Regulator expects smooth transition when Ukraine gas deal ends
Austrian energy regulator E-Control says that it should not experience any disruption in supply as it is preparing to switch from eastern natural gas supplies to western alternatives following the expiration of Ukraine's Gazprom contract on Tuesday. Ukraine announced that it would terminate its gas transit agreement with Gazprom. This month, energy…
